Question 1

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

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The answer of Over the last ten years productivity grew...

Question 2

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

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The answer of Gramp's Potato Chips produces 2560 bags of...

Question 3

Productivity

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...

Question 4

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

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Question 5

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

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Question 6

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Accepted Answer

If productivity grew more slowly in Iberia than in Aire over the last ten years while the population and total hours worked remained the same in both countries, it means that real GDP per person grew more slowly in Iberia than in Aire. Therefore, the best choice is B. Choice A is incorrect because we cannot determine the relative real GDP per person in Iberia and Aire based on productivity growth alone. Choice C is also incorrect because higher productivity growth can lead to a higher standard of living, but it is not the only factor determining it.

Question 7

Suppose that real GDP grew more in Country A than in Country B last year.

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Question 8

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

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Question 9

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

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Question 10

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit­It's productivity?

Accepted Answer

Productivity is calculated by output per unit of time. In this case, the output is 320 baseball bats and the time is 16 hours (2 workers x 8 hours per day). Therefore, productivity is 320/16 = 20 baseball bats per hour.

Question 11

Which of the following can explain faster growth of real GDP in country A than in Country B?

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Question 12

Productivity is the

Accepted Answer

The statement "key determinant of living standards, and growth in productivity is the key determinant of growth in living standards" aligns with the general understanding among economists that productivity is an essential factor in determining a country's overall standard of living. Higher levels of productivity lead to increased economic growth, as businesses are able to produce more with fewer resources, and this often results in higher wages and better living standards for workers. Therefore, A is the correct choice.

Question 13

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

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Question 14

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

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Question 15

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Accepted Answer

First, we find the total number of labor hours per day:
Total gallons produced per day / productivity per hour = labor hours per day
960 gallons / 12 gallons per hour = 80 hours

Then, we divide the total labor hours by the number of hours each milker works:
80 hours / 8 hours per milker = 10 milkers.

Therefore, the shop employs 10 milkers, which corresponds to choice B.

Question 16

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

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Question 17

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

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Question 18

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

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Question 19

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Accepted Answer

If the productivity is 2 haircuts per hour of labor and each barber works for 8 hours, then each barber produces 2 x 8 = 16 haircuts per day.
So, the number of barbers employed by the shop is 192 / 16 = 12.

Question 20

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

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Quiz 25: Production and Growth

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Productivity

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Suppose that real GDP grew more in Country A than in Country B last year.

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is HitIt's productivity?

Which of the following can explain faster growth of real GDP in country A than in Country B?

Productivity is the

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Quiz 25: Production and Growth

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Productivity

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Suppose that real GDP grew more in Country A than in Country B last year.

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit­It's productivity?

Which of the following can explain faster growth of real GDP in country A than in Country B?

Productivity is the

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is HitIt's productivity?